on the basis of ownership classify the modern industry
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On the basis of ownership:
• Public sector, owned and operated by government agencies – BHEL, SAIL etc.
• Private sector industries owned and operated by individuals or a group of individuals –Reliance, TATA, Bajaj Auto Ltd., Dabur Industries.
• Joint sector industries which are jointly run by the state and individuals or a group of individuals. Oil India Ltd. (OIL) is jointly owned by public and private sector.
• Cooperative sector industries are owned and operated by the producers or suppliers of raw materials, workers or both. They pool in the resources and share the profits or losses proportionately such as the sugar industry in Maharashtra, the coir industry in Kerala. Example: Amul, Lijjat Papd.
• Public sector, owned and operated by government agencies – BHEL, SAIL etc.
• Private sector industries owned and operated by individuals or a group of individuals –Reliance, TATA, Bajaj Auto Ltd., Dabur Industries.
• Joint sector industries which are jointly run by the state and individuals or a group of individuals. Oil India Ltd. (OIL) is jointly owned by public and private sector.
• Cooperative sector industries are owned and operated by the producers or suppliers of raw materials, workers or both. They pool in the resources and share the profits or losses proportionately such as the sugar industry in Maharashtra, the coir industry in Kerala. Example: Amul, Lijjat Papd.
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Private Industry
public industry
private industry are those industry which is owned,managed and controlled by private individuals like Reliance Industries
Public industries is owned by Govt like Steel Authority of India Limited
public industry
private industry are those industry which is owned,managed and controlled by private individuals like Reliance Industries
Public industries is owned by Govt like Steel Authority of India Limited
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